Guatemala

Guatemala edged up 1 place to 69th, between Ethiopia and Angola. US$ GDP rose 8.9% to US$123.3 billion on real growth of +4.3%, making it the 10th largest of 35 economies in Latin America & Caribbean and about the size of Hawaii.

Services account for 62.1% of output and industry 21.8%, with manufacturing at 13.2% and agriculture at 9.6%. Inflation was a mild 1.5% and unemployment 2.6%. Government gross debt stands at 26.7% of GDP.

With 18.7 million people, output per person is US$6,598, 110th of 196, and $15,197 international dollars on a purchasing-power basis, 117th. GDP has grown 6.4x since 2000, when it stood at US$19.3 billion, yet the country ranked 70th then, almost exactly where it sits now. The IMF projects US$179.6 billion by 2030, a rise of +46% that would lift Guatemala to 66th among economies with forecasts.